that are preposterous, with colombia, panama and south korea. the south korea we're actually paying north korean slaves money that goes to north korea so they can re-fund their nuke lard program. that strikes me as stupid. thank you, richard. we'll begin right now. the big story today, political poker, washington upping the ante. good afternoon, my name is dylan ratigan. nice to be seeing you. put on your poker face, my friends. president obama summoning congressional leaders back to the white house. first the democrats go with the -- the republicans shortly thereafter. they say they have a bipartisan proposal. we'll see how bernie sanders feels about it.

it won't be done in time to raise the desert ceiling. all bets are on a short-term -- expect some sort of gang of six, reid/mcconnell hybrid deal. all you really need to know, whatever this deal is, it does nothing to address the structural causes of our deficit and joblessness from tax reform to trade reform to bank reform. instead you have politicians cutting things that are politically desirable for their constituents so that the politicians can try to keep their jobs while preventing us, the american people, from getting the structural improvements, banks trade, et cetera, that we all so desperately need. the pro wrestling continues. can you keep your job in washington? that's the question. luke, can they keep their jobs with this deal? >> that's the question. we don't exactly know what it's

going to look like yet, but for all intends and purposes, tucked upset both sides. now congressional republicans will meet with president obama at 5:00 p.m. i'm told the meeting will honestly be about the gang of six, but also what short-term deal could get 218 votes. right now a guy named joe walsh is circulating a letter that would reject any variation of the mitch mcconnell plan, the job of allowing the president to raise the debt ceiling, but the republicans allowing him to do that. right now that letter has 80 votes. that's 80 republicans on the record saying they oppose any type of deal right now. that's interesting, because if that is still the case, the thought here in washington, d.c.

is you could see some market react that would be quite adverse. we know the gang of six is, the president has support, some republican support over in the united states senate. what can get through the house of representatives and on that path to 218 votes is going to be some hybrid model between this mcconnell idea and gang of six, but there's no clear path right now, dylan. >> and as long as they don't have to deal with anything that goes to the structure of creating the job gap, they're both happy. >> dylan, a bit of history. this is the first hit ever from the house nbc booth on the capitol hill on your program. >> let the people know. brian williams, eat your heart out. thank you, luke. >> take care. >> vermont's liberal independent senator bernie sanders serves on the budget committee has come out swinging. senator sanders, we've been talking about restructuring for

some time. it appears this plan has restructuring in it, instead of housing debt and military spending. where do you hit it the hardest? >> look, the republicans i would say, dylan have gotten 80%, 90% of what they wanted. they're in the process now despite president obama's campaign promises during his election. they're in the process of dismantling through this proposal social security, medicare, medicaid, education, virtually every program that working families that need, that children need and that the sick need. meanwhile, in terms of revenue, it is very, very vague to whether this money is going to come from and what happens if the target is not reached. i fear very much if the revenue-raising proposals go through the house and the sent, what will end up is increased taxes on middle class and

working class families in terms of the home mortgage interest deducti deduction, in terms of tax exemptions that except for health care and for retired programs. so, a, very specific cuts on important programs that working families need. b, a great deal of vagueness in terms of how we raise revenue. i fear those revenue raises may come from working families. >> and at the end of the day, we are currently -- i said this to the panel a couple days ago. why don't we restructure the desert? we restructured the debt after 1945, had a largely public -- you know what we got? world war ii. at the end of the day we are restructuring the dead. we're doing it on the back of the weakest and least represented. there's a debt restructuring under way. fair? >> that's right. what will happen is when the wealthy are doing phenomenally

well and effective tax rates are the lowest in 50 years. when corporations are making huge amounts of money and paying nothing in taxes, in fact much of this deficit reduction will go on the backs of some of the weakest and most vulnerable people. a, it's morn, b, it's bad economics. it will not help us create jobs we need. >> which brings us to the position in my opinion, and i know you agree with it -- we would not havele deficit we have if we did not have the precip 'tis falloff in jobs. >> absolutely. that takeses to the greed and illegal behave on wall street. these guys are back in business, back to making more profits than they did before we bailed them out. in terms of deficit reduction, all asks of wall street that we

bailed out to help us reduce the deficit? zero. if you're an 85-year-old senior citizen on social security, you'll be getting $1,000 a year less than you ordinary would have. if you're a wall street tycoon who makes millions who caused the recession, you don't have to contribute anything. i don't know who thinks that's fair other than a few people here in congress. >> listen, the polls numbers, with the shared sacrifice numbers, the percentage that think there should be more taxes for the wealthy, the polls agrees with you. let's talk about the aspect of the tax code. so just bear with me one second, if you don't mind. the most valuable effort is the

the activity of the human beings. not being deployed. we have plenty of work and infrastructure, a tremendous amount of work that could be generated in energy, education and health care. we're not servicing any of those markets. we can get into that at another point in time, but you have people, a bunch of things you need done, what else? you need a pile of money to hire these people and fix those problems. guess what? we have a pile of money, over a trillion offshore in corporate accounts, trillions trapped inside of the banking system. it's just that none of it has any incentive to hire those people to fix those problems. because we don't have -- we don't have a bank policy that drives money into our code and we don't have a tax code that drives investment. how can we possibly get jobs -- senator? >> that's a very good question.

i think if we're serious about preventing us from drifting into a third-world nation, you have to take so wall street. you have institutions there that own half of the assets of our gdp in this country. they are sitting on huge sums of money. they are not involved in the productive job-creating economy. they are involved in speculation and game playing, which makes them a lot of money, but doesn't do anything for american workers. clearly that is an issue that has to be dealt with. when you do that, you take on the most powerful people. >> don't you worry. we'll talk to you next time, okay? >> okay. good. to the mega panel we go.

"the washington post" editorial writer, jonathan capehart, matt miller, host of "left right and center." and emojean weber. i feel like i'm surrounded by attractive, intelligent people. >> and advanced technology. >> this is a digital environment. your thoughts, jonathan? >> when senator sanders is on. it's partially entertaining, paschly maddening, but he's bringing a perspective that you don't usually here.

theesh still going to have to use some time to go back and work out the specifics of the long-term plan. that is the time when you can have these -- we all know, matt, the fact they use the debt ceiling to force this whole debate for really an ideological republican agenda, is no different than me saying we're going to force a structural debate. right? >>. >> i think they will muddle through that. i view bernie sanders as half right. hits righteous call, wall street to contribute more to the solution, i think bernie sander

isn't right that social security and medicare don't need to be part of the long-term conversation. we're talking about slowing -- if you do it only on that. >> and to his point, like treeage in a medical theater, the question is why are the first cuts coming from the elderly and poor, as from theal. quickly, last word. >> compromise aacross the board. tax increaseses and compromise 40% over the next four years. it's seen important to intrinsic values, but everything has to be on the table. >> i disagree in that i believe taxes and cutting things -- that's why we have a panel. we take a break and the panel

saves. so-called free trading. i like to you this of it as rigged, that want to make money, but anyway, it's all on your point of view. plus rage and revolution. where are the results in the middle east? the arab spring seemingly at a standstill. where for from here. we'll bring that up with the mega panel. first taking it to the top right after this. britain's prime minister, the latest to face tough questions in that hacking scandal. our megapanel itching to weigh in. hoe deep does it go? and is it in too? we're back after this. like "oh no, i cannot do investing." next thing you know he's got a stunning portfolio. shhhh, you're welcome. [ male announcer ] e-trade. investing unleashed.

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the whole day of testimony was amazing, but perhaps no moment more remarkable than murdoch sbrurpting his son's opening statement. >> before you get to that, i would like to say one sentence. this is the most humble day of my life. nice, but wait for your turn to talk. jon stewart, the comedian tales news corp. to task last night. it's not just the comedians having their way today british

prime minister david cameron, the man at 10 downing tepid before placement, facing both cheers and jeers for his apparent vulnerability. >> as for answering questions, i don't think i could have given clearer answers. records of the information commissioner ignored. reports of the select committee ignored. the failure of the police investigation ignored. the problem is for both our main parties. the problem is one that the public expects us to stop playing with, but rise to the occasion and deal with it for the good of the country. >> we talk so much about the unholy alliance of business in government, but now we're eyeballs deep into the unholy alliance with media and government the prime minister in england say helling 'committed to cleaning up corruption, but are words like that enough to calm a still growing scandal

that threatens to topple rupert murdoch's empire and betrays the very trust of the people in england and raises the suspicion further of is the people of america imogen, what's at risk? >> his job, for one. we've seen that across the board. david cameron was desperate. that's why he employed. >> desperate for what? >> that's why he employed coulson. >> cameron hired a guy who was a former executive at "news of the world" who became an employee of cameron. you say he made that hire because he was desperate for pr for himself with rupert's

organization. desperate for murdoch's approach. press and politicians are completely interlinked. now, what may save david cameron is job is the labor party in path for 13 years -- >> the other bad guys. >> were absolutely in bed. there was a sly remark, a slumber party held by gordon brown's wife at the official residence in the countryside. >> like going to camp david. >> a pajama party for wendi murdoch, elizabeth murdoch. >> so like buying the entire management of comcast to camp david or from wherever.

>> it goes to the hard of british society. >> for rupert, it's obvious his empire is at risk. we ultimately find ourselves with an incredible level of distrust relative to our government, period, relative to government in the west, period, relative to media and to large business. is there a resolution that either of you can see from this scandal that can do anything to repair the broken trust? there a way to resolve this basically saying we're owl, we're exposed, you saw we're terrible, we're going to fix it? >> no. i think this is just more -- think about it. over the last couple years, dylan, we have seen one institution after another that people put their faith in completely compromised. and now we're seeing it happen in great britain. the idea that scotland yard and

the prime minister and, you know, journalists at "news of the world" -- >> i feel like it's people whether you read the wiki leaks things or -- you go, of course, of course, and then some of the sex scanned always, of course he was sending a pictures of himself, or you see, of course, of course they're hacking. it's one of those things like where it's your worst fear, but it keeps getting confirmed. >> what it shows me is my how tame my own formr form of journalism is. i do think for murdoch, when you talk to folks like eliot spitzer, but there's a real threat to his fcc licenses, because bribing northeastern people if you're a u.s.-based

company means you have vulnerability. >> if you're not familiar, which we're all kind of learning this away, america has the law called 9 foreign corrupt practices act, which means if you do business in america, and you exhibit corrupt behavior of some kind, paying bribes, in a foreign land, so let's say you're an oil company bribing somebody in russia to get access to an oil field, i can prosecute you, say you can't be an american business if you're doing that. rupert murdoch may find hemselves in the cross hairs if he is found guilty of having bribed foreign police officers as a way of doing business. there's speculation around this. how real is the possibility that the department of justice would pick up an investigation? >> that was the question i was going to ask. he would have to be prosecuted and found get here. >> from eric holder. >> the other people you didn't

say was yes, u.s. companies, and also u.s. citizens. remember he became a u.s. citizen so he could have not only the "new york post," but also the fox stations here in new york. >> i'm learning this from you guys. basically cameron's job is at risk. his death defense is the guys that would replace himsh just as bad as him. foreign corrupt practices act could get you to rupert. >> this is going to take years. you're talking about 4,000 cases in the uk for hacking alone. the u.s. will not act until all that has gone through the u.s. first. >> so trust of the government is at risk, who takes advantage of the situation? the taliban. comes out saying that they were hacked when it comes to news of mullah omar's death. i cannot make this up. yesterday they said we have been hacked, people.

to that extension, i -- whether you feel back for the taliban or whether it makes them more sympathetic, i suspect not. we'll take a bit of a break. just ahead. when the wave of revolution begins to subside in the middle east, what's the next step? can anything get down from here to iran to saudi arabia, if you first do not reconcile israel and palestine? our nest guest says yes, and he may have a plan, after this. somewhere in america, there's a doctor who can peer into the future. there's a nurse who can access in an instant every patient's past. and because the whole hospital's working together, there's a family who can breathe easy, right now. somewhere in america, we've already answered some of the nation's toughest healthcare questions.

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with all the risk and opportunity emerging in the middle east from syria to egypt to iran. our specialist today argues it would be very difficult to get through the overarching problems or get to the more optimistic solutions in the entire region

without finding a significant solution to the israeli/palestinian conflict that is so intensely provocative. the late it's incurrence, 15 dwee ported from israel after the gaza-impound boat was captured. elsewhere there does seem to be no wholesale change. last week they went back to tahrir square, to push for bolder legal action. they're still under military law. while in libya, gadhafi, as you probably know has not let up. so the not-war continues to be a war. our specialist says it will only grow more severe if we don't

arrive at an agreement. he says he may to at least start that conversation. joining mess is executive director of j street, a pro-israel and pro-peace advocacy group it's our pleasure to welcome you to our fine little conversation. >> thank you very much. >> before we get into the relevance, to the broader middle east, which makes sense there would be some correlation there, you say there may be a way to even begin a conversation. >> well, i begin with the commonly held understandings over decades among nearly every expert. while it festers along -- >> lay it out for us right now. two state for two peoples, the

borders are the '67 lines with modest adjustments, you trade land, dwin jerusalem. -- that's it, basically. two states, two people, 67 borders with -- >> with some minor adjustments. >> some minor fill nailingling, and split jerusalem. the barrier? >> leadership, a lack of leadership. >> from whom? everybody? >> first of all, the israelis and palestinians both. with neither side not willing, but a political vacuum here in the united states. my last yes, then i will let you pat loose. were you able to do that deal, and actually achieve achieve some stability, how effective would that be on the balance of

what's playing out? >> if america can help to broker that deal, it restores american credibility in the region. >> unless we get off of oil. >> exactly. >> we just go free energy, then we're going to go. matt? >> great to see you, congreats on the book. i'm an american jew. what's your message through this book to an american audience of how the jewish community as they express themselves can help be a force for the kind of progress that you think needs to happen. >> achieving a two-state solution is the existential necessity. israel itself won't make it as a jewish and democratic nation if it doesn't separate into two states and let the palestinian have the people and their independence. it's the only way to have a jewish and democratic state. >> and there's too many in the

u.s. that resist the idea inch what's the fear? what's then if we do it, what? >> i think physical security. the concern is if the prime minister comes here and set -- you have all these military experts that in the intelligence agencies says what's indefensible is the present situation. >> and this is a lack of security. >> yes. >> tunisia, syria, libya, egypt, there was no talk about israel, about the israeli/blinn conflict. it was all about people yearning

to be free in their countries. how do they connect with all the right and fair things you're saying here now? >> i think it's really important to say the people in tahrir square and egypt were not carrying the occupation banners. they wanted their own freedom, independence, dignity. the issue is the united states, the ability to play a role in a more democratic, a more pop you list middle east. if the united states is seen as standing in the way of the freedom and independence of the palestinian people it's going to be seen as being on the wrong side of the grand scope of history. >> what would you like the obama administration to do next? >> i think, number one, put these parameters that i'm saying are the commonly understood definition of the resolution onto the table and ask both

parties to say yes or no. the most important thing don't say this is all the palestinians fault, all the israeli' fault. both parties have made mistakes. >> jeremy, an absolute pleasure. i admire the message you're carrying and the work you're doin so thank you. >> i apprecy ben-ami, check out the book "a new voice for israel." the way forward that he just described, and actually much more at list. without a deal. good-bye, imogen, matt, john, jeremy, as we take our attention from the boom box --

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for all those out there who preach the power of the internet, a new study claims the real power may by in the past. british researchers found listening to the radio made folks a lot happier f on average it increased be 100% when listening to their favorite radio station. mind you they were 300% or four times more happy when doing none of the above. but it's the summer. still, experts compare radio to ice cream. you pick the flavor you like, and it makes you happy. i'm not quite sure what that means, but it sounds good. on the other hand with all the

bad news, who could blame them? we say why not have the best of both worlds? i think you might want to get outside this summer a bit, too. coming up, trading our future, part 2 of our series examines or impending trade deal with colomb colombia. [ jerry ] i'm a grandfather, a retired teacher,

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4rr9. welcome back. today we continue our special series on america's trade agreements, trading our future. the series is done in collaboration with the huffington post. we focus on a pending agreement with colombia. a nafta-style agreement allows americans to import goods, but in order to keep that lake cheap u. our trading partners frequently murder the organizers that would raise wages. they have promised to improve the conditions with an action plan. i can tell you colombia does not have half the world's population. as a result there's plenty of congressional skeptics.

>> due to the lack of benchmarks they could have a record year of assassinations, and still be declared a success. >> one union worker had an anonymous call. >> translator: i heard a voice say, ma'am, tell that man if he does not stop running off at the mouth, we'll cut out his tongue. >> with us dave jamison, who has a beautiful story out on the trade agreement. also scott paul, executive director of the alliance for american manufacturing. all three of these agreements, the money laundering and bank secrecy in panama, the

re-funding of the north korean government to develop a nuclear programs through the back-door payoffs out of south korea, and then colombia. give us the highlights of why this deal is so disgusting. >> people are worried it doesn't address the violence. in your introyou said there's no more dangerous place in the world to be involved in a union. they've had nearly 3,000 murder of unionists in the last five years. clop bhiia and the u.s. agreed to plans over the course of months and years colombia will address some of these problems and institute some legislation that's supposed to protect unionists. the concern is it's just window

dressing. it's not exactly tied to the trade agreement itself. >> scott, isn't the point of these deals for the businesses in america that lobby to get them and benefit from them, whether it's with klein or whatever? access to cheaper labor, less regulation, less environmental restrictions, et cetera, et cetera. it's beautiful if you run a business. i just dropped your costs by 50%. there is no better way to keep wages down by doing business with a country that has unionists murdered maybe in america they would like to, but wouldn't dare do it, just get a trade agreement with a country where they do it. >> the challenge is investor rights, as you point out, are protected, protected through the courts, they're protected through countervailing tariffs.

labor rights is window dressing if you're a worker, you do not have the same standing as an investment in the factory. that's the fundamental problem. we wonder why our trade deficits grows and why we're lose -- >> money is flying out of our country by the trillions. >> and why there haven't been labor rights improvements in any of these countries where we've had trade deals, and it's simply because these ly to to any count, and applying it to klemm byia is the most egregious example because -- >> they kill them. >> union members are active targeted there. until we change the model, we're not going to change the outcome. >> would you say from a business standpoint killing union organizers is a good way to keep wages down? >> that play well be, dylan.

for workers it may turn out to be a very bad deal. you know, multinationals benefit greatly from these deals. i think a lot of workers will end up displaced. as scott can tell you, there's quite a few jobs we may see going overseas. >> it's become incredibly clear to me and i think many, basically all trade deals. all this sort of nonsense -- it's not colombia. it's not panama. it's an american businessman on or business group saying let us do this man, let es do this deal. it won't hurt everybody. everybody will be fine. at what point will the american government, the american president, democratic leadership

and republican leadership stop doing favors to get their buddies richb pinking off cheap labor, polluting other countries, selling off as a bribe, that costs america its productive future? >> ultimately this is about jobs. all you have to do is if we have a free trade agreement, we're going to create thousands of manufacturing jobs here. you can count almost every company that made a promise to create jobs under a free trail deal and how -- >> it's a lie. >> it's a lie. >> so you have this facade, the politicians want to believe it, because that's where the money is, quite honestly, as you know. >> for their contributions. >> this is nothing about a philosophy. this isn't free trade verse protectionism. >> this is rigged trade. >> that's right. it's not even a republican problem alone.

it's a democratic and republican problem. the voters don't like this. you know, they want us to get tough on china, they want us to have balanced trade, they're really am bivalent. >> what confuses me is low the democrats and obama skate aro d around. >> bill clinton passed the nafta, the mother of all trade deals. george bush didn't enforce anything, but having an activist trade agenda makes sense if it's about balancing our trade deficit, that's the activist trade agenda. >> and you need the plaza accord, this is going -- i'm going to get irritated, and i'm trying to enjoy my summer. congratulations on a beautiful piece of journalism. scott paul, alliance for-mile-an-hour manufacturing, thank you very much for helping us understand better just how screwed-up all of this is, even if it screws up my fishing trip

this weekends. thank you, guys. again, if you want to learn mow about just how skrupd up these trade agreements are, and then to directly engauge your congressman, we've hearts arnese resources to bring you more on today's segment about colombia, panama and north korea, podcasts, blogs and video, all this. to learn more it's up on dylanratigan.com. please check it out. coming up on "hardball," chris with his take on the gang of six. and david goodfriend with his point of view. david is next on "the daily rant." >> so, ah, your seat good? got the mirrors all adjusted? you can see everything ok?

just stay off the freeways, all right? i don't want you going out on those yet. and leave your phone in your purse, i don't want you texting. >> daddy... ok! ok, here you go. be careful. >> thanks dad. >> and call me--but not while you're driving. we knew this day was coming. that's why we bought a subaru. so i take one a day men's 50+ advantage. as a manager, my team counts on me to stay focused. it's the only complete multivitamin with ginkgo to support memory and concentration. plus vitamin d to help maintain healthy blood pressure. [ bat cracks ] that's a hit. one a day men's.

all right. time for a little daily rant. david goodfriend has the floor. hi, david. >> hi, dylan. how are you? >> good. >> in the midst of the battles, there's a falsehood being perpetrated that gets me madder and madder. conservative republicans claim that their philosophy of cutting taxes and gutting regulations is good for business and the economy. even some democrats fall into the trap of repeating these falsehoods. they point to the tax cuts they support. the truth, however, is that progressivism is great for economic growth and business

leaders know it. the values of fair competition, good wages, and government as a tool for getting important things do in fact promotes economic growth better than conservatives will admit. the satellite tv industry would never have taken off with a law written by al gore and lackey. republicans fought it, but the results speak for themselves. conservatives claim that the minimum wage and other worker protections raise costs and harm business, but walmart, the largest retailer, has repeatedly called for an increase -- an increase in the minimum wage. why?

it is to cut taxes and spending to help businesses to grow, but pharmaceutical companies have stepped in repeatedly to oppose cuts to the national institutes of health. this year even newt gingrich opposed the plans to cut nih funding. big pharma generally does not do basic scientific research. they look to the nih to do that. which, of course, creates jobs and growth. stock market trends support the pro-growth effect. bill clinton raised taxes, but also helped to usher in new competition. other, george w. bush cut taxes, deregulated financial markets, and much of the economy. what was the result is it clinton presided over the longest economic expansion in history with a budget surplus.

president bush bloated the deficit and left the office with the worse recession in post-war history. do the math. progressivism is the most pro-growth political philosophy around. i can't get republicans to change their tune, but i do wish that democrats would stop trying to imitate conservatives. they instead should promote pro-growth progressivism. >> david, thank you so much, a beautiful rant as always. david goodfriend visiting with us. thank you. i am going to be off for the next couple of days. thank you, david. i'm going to be off. as you may or may not have heard, i'm working on a book called -- clearly -- in fact, some ways we may have a bit of greed? us, and matt miller